LONDON, ON, Sept. 1, 2021 /PRNewswire/ - VersaBank (the
"Bank") (TSX: VB) today announced that cash dividends in the amount
of $0.025 per Common Share of the
Bank and $0.1693 per Series 1
Preferred Share of the Bank, have been declared for the quarter
ending October 31, 2021, payable as
of October 31, 2021, to shareholders
of record at the close of business on October 1, 2021.
The dividends to which this notice relates are eligible
dividends for tax purposes.
About VersaBank
VersaBank is a Canadian Schedule I chartered bank with a
difference. VersaBank became the world's first fully digital
financial institution when it adopted its highly efficient
business-to-business model using its proprietary state-of-the-art
financial technology to profitably address underserved segments of
the Canadian banking market in the pursuit of superior net interest
margins while mitigating risk. VersaBank obtains all of its
deposits and provides the majority of its loans and leases
electronically, with innovative deposit and lending solutions for
financial intermediaries that allow them to excel in their core
businesses. In addition, leveraging its internally developed IT
security software and capabilities, VersaBank established wholly
owned, Washington, DC-based
subsidiary, DRT Cyber Inc. to pursue significant large-market
opportunities in cyber security and develop innovative solutions to
address the rapidly growing volume of cyber threats challenging
financial institutions, multi-national corporations and government
entities on a daily basis.
VersaBank's Common Shares trade on the Toronto Stock Exchange
under the symbol VB and its Series 1 Preferred Shares trade under
the symbol VB.PR.A.
Visit our website at: www.versabank.com
Follow VersaBank on Facebook, Instagram, LinkedIn and
Twitter.
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SOURCE VersaBank
